MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade
of reduced loan due to repayment. Year 2019 Finance Costs The Company and its subsidiaries recorded finance costs of Baht 66 million, an increase of 10% YoY due to higher loan as a result of
by Baht 3,183.9 million from prepayments of loan and temporarily repayment of loan. Debentures decreased by Baht 1,476.5 million from redeem of all debentures before maturity date. Trade and other
projects. However, selling expenses declined from lower revenue from sales and services. Finance cost The finance cost decreased by 42.4% yoy to THB 15 million, attributable to the repayment of long-term
12% as compared to the same period last year of 224 million Baht. The decrease in the finance costs was from a result of loan repayment regarding the capital increase in Q1 2018 and cash flow received
assets decreased from prior year Baht 46 million or decreased 6.8 percent, which mainly due to decrease of cash and cash equivalent at Baht 18 million, current investments at Baht 5 million, trade
increased from the end of year 2018 by Baht 139.50 million or 4.45 percent, due to net increase in trade accounts receivable and other accounts receivable of Baht 96.86 million, increase in fixed assets of
1.10% of total revenues respectively. The decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017. Page 3/5 Tax Expenses Tax expenses for the three
in the amount of THB 300 million • Trade and Other Current Receivables - Others decreased by THB 159.65 million from those as at December 31, 2019 to THB 110.44 million as a result of collection of the